If it’s a lease (which I think it is) and not a PCP then its just about basically a long term hire of the car.
Amongst my many other cars I’ve had various Kia‘s for the last 4 yrs or so on a friends and family scheme through a mate of mine at a main dealership. I’ve paid about £160 a month ...40 quid a week for a new car, no worries about break downs, MOTs, replacing tyres, brakes, exhausts. Also the cars have latest safety features, crash protection and other creature comforts. I know it’s slightly different to the arrangement the OP has but in essence it’s all about what you want from a car and how you view that from a pricing perspective.
The car industry has latched onto the fact that most people want a new car for as little money as possible hence PCP, deposit contributions, scrappage etc.
In the context of the OP’s post he has gone into it with his eyes open, knows what he’s getting and knows exactly what his vehicle spend will be for the next 24 months. A lot of people like that security, also if his wife and kids are in it then the safety systems in a new car make even more sense.
I guess asking for opinions was always going to lead to the man who spent 500 quid 6 months ago on a Fiat Stilo claiming he had a better end of the deal